ALL ABOUT STARTING UP

Starting a business for the first time and worried about failure? Give your new enterprise the best chance of success with these top business tips

1) Be Passionate

You don't have to love whatever your business is about (and probably shouldn't), but you do have to be fired up about it. You're going to devote a lot of time and energy to starting a business and building it into a successful enterprise

2) Start While You Are Still Employed

Being employed while you're starting a business means money in your pocket while you're going through the start-up process.

3) Write a Business Plan

The main reason for doing a business plan first when you're thinking of starting a business is that it can help you avoid sinking your time and money into starting a business that will not succeed.

4) Be Professional

Everything about you and the way you do business needs to let people know that you are a professional running a serious business.

5) Get Professional Help

On the other hand, just because you're starting a business, doesn't mean you have to be an expert on everything. If you're not an accountant or bookkeeper, hire one (or both).

6) Get the Legal and Tax Issues Correct the First Time

It's much more difficult and expensive to unsnarl a mess afterward.Learn what your legal and tax responsibilities are before you start your business and operate accordingly.

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